GN Posts Strong Growth in Q1 of 2019; Scott Davis Named President of GN North America
BALLERUP, DENMARK — The GN Group reported 19% organic revenue growth in the first quarter of 2019. Earnings Per Share (EPS) increased 25% compared to the same period last year. GN Interim Report Q1 2019 Highlights GN Hearing GN Hearing delivered 8% organic revenue growth in Q1 2019. Revenue growth was 10% including…
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Demant Announces Launch of Philips Hearing Aids
COPENHAGEN, DENMARK — Demant announced today the official introduction of Philips branded hearing aids to the global hearing aid market. The new Philips brand is entering the hearing healthcare market with a complete range of premium hearing aids, accessories, and applications to best serve hearing aid users. According to the company announcement, the new Philips…
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Oticon Inc. Launches Opn S Family of Hearing Aids, with New Rechargeable Option
SOMERSET, NEW JERSEY — Oticon Inc. has announced the official launch of the Oticon Opn S in the US, with “further improvements in speech understanding and listening effort to take the open sound experience and the unique benefits of BrainHearing™ to the next level”. The new platform also boasts the company’s first lithium-ion rechargeable offering.…
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CVS to Completely Shut Down Hearing Business Across the US
With more than 440 Hearing Aid Centers in the U.S. and more than 560 worldwide, Costco dominates big-box hearing aid retailing. Their proven business model leverages extremely low cost of goods, near-zero marketing costs and the positive brand reputation of Costco to offer the latest high-quality hearing devices at extremely low prices. Given its double-digit…
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iHEAR to Launch Subscription-Based Hearing Aids
SAN LEANDRO, CALIFORNIA — iHEAR Medical has announced plans to launch subscription plans “designed to make advanced hearing technology more affordable and accessible for the millions of Americans suffering from untreated hearing loss”. According to a company press release, iHEAR’s patented technology will allow consumers to subscribe to advanced hearing aids and optional wireless services on…
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Idaho Approves Rule Change Requiring Insurers to Cover Children’s Hearing Aids
BOISE, IDAHO – The Idaho legislature, House Business Committee, has approved a rule change requiring insurers in the state “to cover medically necessary hearing aids and speech therapy sessions” for Idaho children who are deaf or hard of hearing. According to the announcement, the proposed rule change passed the committee unanimously. Insurers must now cover…
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GN Hearing Launches Artificial Intelligence Feature in Tandem with Apple’s Siri Assistant
BALLERUP, DENMARK — GN Hearing has announced the launch of its new artificial intelligence (AI) solution in tandem with Apple’s Siri virtual assistant. The announcement was made at this year’s Consumer Electronics Show (CES) 2019 in Las Vegas, the world’s largest and most influential technology event. According to the announcement, the new offering is…
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News Roundup for January 9: A Veritable Dog’s Breakfast of Stories from Around the Profession and the Industry.
New Study Examines Barriers to Hearing Care Services Among Medicare Population In the January 2019 issue of Health Affairs, a peer-reviewed health policy journal, researchers at Johns Hopkins University’s Cochlear Center for Hearing Loss and Public Health shed light on the accessibility of hearing care services in the Medicare-eligible population. Using 2013 survey data…
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New Research Uncovers Function of Inner Ear Involved in Speech Processing
SOMERSET, NEW JERSEY – Research recently published in Science Communications, by an international team of researchers from Oticon and Interacoustics, has revealed a previously undiscovered function in the inner ear that detects the acoustic details in speech before it is converted into information for the brain. The findings may help professionals learn more about individual hearing…
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HHTM Hearing News Round-up: Notable Stories This Week
Before you deep fry that turkey or candy those yams, take a few minutes to catch up on some noteworthy news items of professional interest. New Study Suggests Sparse Real-World Differences Between Basic and Premium Technology A new peer reviewed study, published-ahead-of-print at Ear and Hearing suggests older adults with mild-to-moderate hearing loss…
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